Buy Or Sell Opportunity • May 15
Now 20% overvalued Over the last 90 days, the stock has fallen 1.0% to US$129. The fair value is estimated to be US$107, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings are also forecast to grow by 9.2% per annum over the same time period. お知らせ • May 13
American Electric Power Company, Inc. has filed a Follow-on Equity Offering in the amount of $2.6 billion. American Electric Power Company, Inc. has filed a Follow-on Equity Offering in the amount of $2.6 billion.
Security Name: Common Stock
Security Type: Common Stock ライブニュース • May 11
American Electric Power Beats Q1 Estimates Lifts Capital Plan as Data Center Demand Soars American Electric Power reported Q1 2026 operating earnings of $1.64 per share, which was above analyst estimates, with GAAP earnings of $874 million and revenue of about $6.02b, supported by strong demand and 7 gigawatts of new contracted load in Ohio, Texas and other regions.
The company increased its five-year capital investment plan by $6b to $78b, prioritizing transmission infrastructure and new gas-fired generation, including expansions at Indiana Michigan Power and projects such as the SoftBank gas-fired data center campus.
AEP now expects total contracted load to reach 63 gigawatts by 2030, with close to 90% tied to data center customers, and is reviewing potential exits from the PJM and Southwest Power Pool markets while advancing new tariffs aimed at protecting existing customers.
The growing data center load and expanded capital plan point to a business that is leaning heavily into infrastructure and generation projects aligned with long-duration customer contracts.
Investors may want to pay close attention to regulatory decisions on tariffs and market participation, since these could affect returns on the large $78b capital program and the balance of risk between data center customers and existing ratepayers. Reported Earnings • May 06
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: US$1.61 (up from US$1.50 in 1Q 2025). Revenue: US$6.02b (up 10% from 1Q 2025). Net income: US$874.0m (up 9.2% from 1Q 2025). Profit margin: 14% (in line with 1Q 2025). Revenue exceeded analyst estimates by 4.4%. Earnings per share (EPS) also surpassed analyst estimates by 2.8%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. お知らせ • May 06
American Electric Power Company, Inc. Reaffirms Earnings Guidance for the Year 2026 American Electric Power Company, Inc. reaffirmed earnings guidance for the year 2026. For the year, the company expects Operating EPS Guidance of $6.15 to $6.45 per share. Declared Dividend • May 01
Fourth quarter dividend of US$0.95 announced Shareholders will receive a dividend of US$0.95. Ex-date: 8th May 2026 Payment date: 10th June 2026 Dividend yield will be 2.8%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. お知らせ • Apr 29
American Electric Power Company, Inc. Declares Regular Quarterly Dividend Payable June 10, 2026 American Electric Power Company, Inc. has declared a regular quarterly cash dividend of 95 cents per share on the company's common stock. The dividend is payable June 10, 2026, to shareholders of record as of May 8, 2026, and is the company's 464th consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910. Buy Or Sell Opportunity • Apr 01
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to US$132. The fair value is estimated to be US$109, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings are also forecast to grow by 8.4% per annum over the same time period. お知らせ • Mar 20
American Electric Power Co Inc Receives Regulatory Acceptance for Dam Safety Incident Report At Claytor Project American Electric Power Company, Inc. had September 12, 2025, letter provided a revised plan and schedule addressing comments from its August 8, 2025, letter regarding the site-specific Probable Maximum Precipitation (SSPMP) and Probable Maximum Flood (PMF) studies for the above referenced projects. A discussion on the revised plan and schedule for the SSPMP-PMF studies during the October 2, 2025, meeting was documented in its letter dated October 24, 2025. Federal Energy Regulatory Commission has reviewed its submittals and find them acceptable. The next major milestone for the ongoing SSPMP and PMF studies is developing the Probable Maximum Precipitations (PMPs) for projects covered under the Roanoke River Basin and a review of PMPs by the Independent Meteorologist. As a reminder, submit a copy of its design package for a concurrent review by its office and the Independent Meteorologist. The due date to submit the design report is April 1, 2026. Buy Or Sell Opportunity • Mar 12
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to US$132. The fair value is estimated to be US$109, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings are also forecast to grow by 8.4% per annum over the same time period. お知らせ • Mar 07
American Electric Power Texas Announces Executive Changes American Electric Power has named Adrian Rodriguez as president and chief operating officer of AEP Texas to align with the company's strategy to capitalize on long-term priorities, further strengthen operational performance and enhance relationships with key stakeholders in the state. Rodriguez will join the company March 30, 2026 and will report to Bill Fehrman, AEP chairman, president and chief executive officer. Rodriguez will succeed Judith Talavera, who has left the organization. Alex Ramirez, vice president, Distribution Operations, AEP Texas, will serve as interim president and chief operating officer until Rodriguez joins the company to ensure a smooth transition. Rodriguez currently serves as president of Southwestern Public Service Company, a subsidiary of Xcel Energy serving customers in New Mexico and Texas, where he directed significant regulatory initiatives, secured the largest capital project in the company's history and led the company through wildfire recovery efforts. Prior to joining Southwestern Public Service Company in 2022, Rodriguez served as senior vice president, Regulatory & Strategy, for Puget Sound Energy. Prior to Puget Sound, he held roles of increasing responsibility with El Paso Electric Company, including senior vice president, General Counsel, and interim chief executive officer and board director. Rodriguez has held various roles in private law practice, the federal court system, public policy and in the Texas legislature. Rodriguez received a bachelor's degree in economics and government from the University of Texas, a master's degree in public policy from Harvard University's Kennedy School of Government and a Juris Doctor from Columbia University. お知らせ • Mar 05
American Electric Power Company, Inc., Annual General Meeting, Apr 28, 2026 American Electric Power Company, Inc., Annual General Meeting, Apr 28, 2026. Location: meetnow.global/aep2026., United States Buy Or Sell Opportunity • Feb 23
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 8.6% to US$132. The fair value is estimated to be US$109, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings are also forecast to grow by 8.5% per annum over the same time period. お知らせ • Feb 18
American Electric Power Company, Inc. Announces Non-Standing for Re-election of Henry P. Linginfelter as Member of the Board of Directors On February 13, 2026, American Electric Power Company, Inc. announced that Henry P. Linginfelter, a member of the Board of Directors of the company notified the Board that he would not stand for re-election to the Board at the Company's 2026 Annual Meeting of Shareholders. Mr. Linginfelter stated that his decision is not due to any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices. Reported Earnings • Feb 13
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: US$6.70 (up from US$5.60 in FY 2024). Revenue: US$21.9b (up 11% from FY 2024). Net income: US$3.58b (up 21% from FY 2024). Profit margin: 16% (up from 15% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.6%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. お知らせ • Feb 12
American Electric Power Company, Inc. Reaffirms Earnings Guidance for the Year 2026 American Electric Power Company, Inc. reaffirmed earnings guidance for the year 2026. For the year, the company expects operating earnings outlook of $6.15 to $6.45 per share and its long-term operating earnings growth rate of 7% to 9%. Upcoming Dividend • Feb 06
Upcoming dividend of US$0.95 per share Eligible shareholders must have bought the stock before 10 February 2026. Payment date: 10 March 2026. Payout ratio is a comfortable 54% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of American dividend payers (4.2%). Higher than average of industry peers (2.8%). Declared Dividend • Jan 23
Third quarter dividend of US$0.95 announced Shareholders will receive a dividend of US$0.95. Ex-date: 10th February 2026 Payment date: 10th March 2026 Dividend yield will be 3.2%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (54% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover. お知らせ • Jan 21
American Electric Power Declares Quarterly Dividend on Common Stock, Payable on March 10, 2026 The Board of Directors of American Electric Power has declared a regular quarterly cash dividend of 95 cents per share on the company's common stock. The dividend is payable March 10, 2026, to shareholders of record as of February 10, 2026. お知らせ • Nov 26
American Electric Power Company, Inc. has filed a Follow-on Equity Offering in the amount of $3.5 billion. American Electric Power Company, Inc. has filed a Follow-on Equity Offering in the amount of $3.5 billion.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Reported Earnings • Oct 30
Third quarter 2025 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2025 results: EPS: US$1.82 (up from US$1.80 in 3Q 2024). Revenue: US$6.01b (up 11% from 3Q 2024). Net income: US$972.0m (up 1.3% from 3Q 2024). Profit margin: 16% (down from 18% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.9%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 11% per year. お知らせ • Oct 29
American Electric Power Company, Inc. Reaffirms Earnings Guidance for the Full Year Ended December 31, 2025 American Electric Power Company, Inc. reaffirmed earnings guidance for the full year ended December 31, 2025. The company confirmed its 2025 operating earnings guidance range of $5.75 to $5.95 per share, guiding to the upper half of the range. Estimated EPS on a GAAP Basis to be in the range of $6.58 to 6.78. Declared Dividend • Oct 25
Second quarter dividend increased to US$0.95 Dividend of US$0.95 is 2.2% higher than last year. Ex-date: 10th November 2025 Payment date: 10th December 2025 Dividend yield will be 3.2%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (54% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover. お知らせ • Oct 23
American Electric Power Declares Regular Quarterly Cash Dividend, Payable on December 10, 2025 The Board of Directors of American Electric Power has declared a regular quarterly cash dividend of 95 cents per share on the company's common stock, an increase of 2 cents per share. The dividend is payable December 10, 2025, to shareholders of record as of November 10, 2025, and is the company's 462 consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910. Reported Earnings • Jul 31
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: US$2.29 (up from US$0.64 in 2Q 2024). Revenue: US$5.09b (up 11% from 2Q 2024). Net income: US$1.23b (up 260% from 2Q 2024). Profit margin: 24% (up from 7.4% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 84%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. お知らせ • Jul 30
American Electric Power Company, Inc. Re-Affirms Earnings Guidance for the Year 2025 American Electric Power Company, Inc. re-affirmed earnings guidance for the year 2025. For the year, the company's operating earnings guidance range of $5.75 to $5.95 per share and long-term growth rate of 6% to 8%. Declared Dividend • Jul 25
First quarter dividend of US$0.93 announced Shareholders will receive a dividend of US$0.93. Ex-date: 8th August 2025 Payment date: 10th September 2025 Dividend yield will be 3.4%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (70% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. お知らせ • Jul 22
American Electric Power Declares Regular Quarterly Cash Dividend, Payable on September 10, 2025 The Board of Directors of American Electric Power has declared a regular quarterly cash dividend of 93 cents per share on the company's common stock. The dividend is payable September 10, 2025, to shareholders of record as of August 8, 2025. お知らせ • Jun 30
American Electric Power Company, Inc.(NasdaqGS:AEP) dropped from Russell 1000 Dynamic Index American Electric Power Company, Inc.(NasdaqGS:AEP) dropped from Russell 1000 Dynamic Index お知らせ • Jun 17
American Electric Power Announces Management Changes American Electric Power announced leadership changes to support its long-term strategy. The company has named Rob Berntsen executive vice president and general counsel, effective July 14, 2025 He will succeed David Feinberg, who will serve as senior advisor to the chief executive officer until departing the company August 15, 2025. Additionally, AEP has named Johannes Eckert executive vice president and chief information and technology officer, effective July 21, 2025. Both Berntsen and Eckert will report to Bill Fehrman, AEP president, chief executive officer and director. Berntsen joins AEP from Xcel Energy, where he was executive vice president and chief legal and compliance officer. Prior to joining Xcel, he was senior vice president, chief of staff and general counsel at BHE Renewables, a subsidiary of Berkshire Hathaway Energy (BHE). Prior to BHE Renewables, Berntsen served as senior vice president and general counsel for BHE subsidiary MidAmerican Energy Company and led the utility's legal, regulatory, government affairs, compliance and energy efficiency groups. Prior to joining MidAmerican, he served as vice president of policy, government and regulatory affairs for the Midcontinent Independent System Operator Inc. (MISO), chair and member of the Iowa Utilities Commission, and corporate counsel for energy holding company Vectren Corp. (now part of CenterPoint Energy). Berntsen was a captain in the Judge Advocate General (JAG) Corps, the legal arm of the U.S. Army, and deployed to Iraq in 2005 in support of Operation Iraqi Freedom. He received his bachelor's degree from Georgetown University and his juris doctorate from the University of Iowa. Eckert most recently served as senior vice president and chief information officer of Cox Communications. During his 16 years with Cox Communications, he held roles of increasing responsibility, including various leadership roles in wireless technology, application development and network operations. Prior to joining Cox Communications, he was partner and head of wireless for Acta Wireless. His extensive experience also spans leadership and consulting roles across the U.S., Germany and South America including tenures at Kearney, AT&T, Telefónica Germany and Accenture. Eckert received his bachelor's degree in computer science from the Berlin University of Applied Sciences and his master's degree in international marketing and finance from Kennesaw State University. お知らせ • Jun 06
KKR & Co. Inc. (NYSE:KKR) and Public Sector Pension Investment Board completed the acquisition of 19.9% stake in AEP Ohio Transmission Company, Inc and AEP Indiana Michigan Transmission Company, Inc. from American Electric Power Company, Inc. (NasdaqGS:AEP). KKR & Co. Inc. (NYSE:KKR) and Public Sector Pension Investment Board agreed to acquire 19.9% stake in AEP Ohio Transmission Company, Inc and AEP Indiana Michigan Transmission Company, Inc. from American Electric Power Company, Inc. (NasdaqGS:AEP) for $2.8 billion on January 9, 2025. Upon closing, 2025-2029 average earnings accretion is expected to be 1.7%. The transaction requires approval from FERC and clearance from the Committee on Foreign Investment in the United States. The transaction is expected to close in the second half of 2025.
Moelis & Company acted as financial advisor for KKR & Co. Inc. and Public Sector Pension Investment Board. Morgan Stanley & Co. LLC acted as financial advisor for KKR & Co. Inc. and Public Sector Pension Investment Board. Simpson Thacher & Bartlett LLP acted as legal advisor for KKR & Co. Inc. and Public Sector Pension Investment Board. J.P. Morgan Securities LLC acted as financial advisor for American Electric Power Company, Inc. Morgan, Lewis & Bockius LLP acted as legal advisor for American Electric Power Company, Inc.
KKR & Co. Inc. (NYSE:KKR) and Public Sector Pension Investment Board completed the acquisition of 19.9% stake in AEP Ohio Transmission Company, Inc and AEP Indiana Michigan Transmission Company, Inc. from American Electric Power Company, Inc. (NasdaqGS:AEP) on June 5, 2025. AEP will continue to operate and maintain these transmission facilities. American Electric Power Company will use the transaction proceeds to support AEP's five-year, $54 billion capital plan. Recent Insider Transactions Derivative • May 20
Insider notifies of intention to sell stock Quinton Lies intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 19th of May. If the sale is conducted around the recent share price of US$103, it would amount to US$1.0m. Since September 2024, Quinton's direct individual holding has increased from 934.00 shares to 10.31k. There have been no trades via on-market transactions or options from company insiders in the last 12 months. Reported Earnings • May 07
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: US$1.50 (down from US$1.91 in 1Q 2024). Revenue: US$5.46b (up 8.7% from 1Q 2024). Net income: US$800.2m (down 20% from 1Q 2024). Profit margin: 15% (down from 20% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates by 8.1%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 3% per year. お知らせ • May 06
American Electric Power Company, Inc. Reaffirms Earnings Guidance for the Year 2025 American Electric Power Company, Inc. reaffirmed earnings guidance for the year 2025. For the year, the company expects 2025 operating earnings guidance range of $5.75 to $5.95 per share and long-term growth rate of 6% to 8%. Earnings per share on a GAAP basis would be $5.71 to $5.91 per share. Declared Dividend • May 02
Fourth quarter dividend of US$0.93 announced Shareholders will receive a dividend of US$0.93. Ex-date: 9th May 2025 Payment date: 10th June 2025 Dividend yield will be 3.4%, which is lower than the industry average of 3.6%. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Joe Sauvage was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. お知らせ • Apr 30
American Electric Power Declares Quarterly Dividend on Common Stock, Payable on June 10, 2025 The Board of Directors of American Electric Power has declared a regular quarterly cash dividend of 93 cents per share on the company's common stock. The dividend is payable June 10, 2025, to shareholders of record as of May 9, 2025, and is the company's 460th consecutive quarterly common stock cash dividend. お知らせ • Apr 29
American Electric Power Company, Inc. Announces Board Changes Joseph G. Sauvage, retired vice chairman and chairman of Global Power, Utilities and Renewables of Citigroup, elected to the American Electric Power Board of Directors. Sauvage led Citigroup's Global Power, Utilities and Renewables practice for more than 16 years. Prior to joining Citigroup, he held various investment banking roles at Lehman Brothers, including vice chairman and global head of Power, Utilities and Renewables. Sauvage served as a vice chairman of the Wall Street Advisory Group and was a member of the executive committee for the Electric Power Research Institute Advisory Council. Donna James did not stand for re-election to the Board of Directors for personal reasons. お知らせ • Mar 26
American Electric Power Company, Inc. has completed a Follow-on Equity Offering in the amount of $2 billion. American Electric Power Company, Inc. has completed a Follow-on Equity Offering in the amount of $2 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 19,607,844
Price\Range: $102
Discount Per Security: $2.244 お知らせ • Mar 14
American Electric Power Company, Inc., Annual General Meeting, Apr 29, 2025 American Electric Power Company, Inc., Annual General Meeting, Apr 29, 2025. Location: meetnow.global/aep2025, United States お知らせ • Feb 22
American Electric Power Company, Inc. Announces Donna A. James, Not Stand for Re-Election to the Board On February 18, 2025, Donna A. James, a member of the Board of Directors ("Board") of American Electric Power Company, Inc. ("Company"), notified the Board that she would not stand for re-election to the Board at the Company's 2025 Annual Meeting of Shareholders. Ms. James stated that she is not standing for re-election to the Board for personal reasons and not due to any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices. Reported Earnings • Feb 13
Full year 2024 earnings: EPS in line with expectations, revenues disappoint Full year 2024 results: EPS: US$5.60 (up from US$4.26 in FY 2023). Revenue: US$19.7b (up 3.9% from FY 2023). Net income: US$2.97b (up 34% from FY 2023). Profit margin: 15% (up from 12% in FY 2023). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 6% per year. Declared Dividend • Jan 24
Third quarter dividend of US$0.93 announced Shareholders will receive a dividend of US$0.93. Ex-date: 10th February 2025 Payment date: 10th March 2025 Dividend yield will be 3.7%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (70% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. お知らせ • Jan 22
American Electric Power Declares Quarterly Dividend on Common Stock, Payable on March 10, 2025 The Board of Directors of American Electric Power has declared a regular quarterly cash dividend of 93 cents per share on the company's common stock. The dividend is payable March 10, 2025, to shareholders of record as of February 10, 2025. お知らせ • Jan 17
American Electric Power Seeking Grants to Assist with Advanced Nuclear Site Exploration in Indiana and Virginia American Electric Power is seeking grants from the U.S. Department of Energy to support the Early Site Permit process for two potential Small Modular Reactor (SMR) sites. Through its Indiana Michigan Power (I&M) operating company, AEP is announcing that property at the Rockport Plant in Spencer County, Indiana, has been identified as a potential SMR site. Previously AEP, through its Appalachian Power operating company, had announced it was beginning the ESP process for company-owned Joshua Falls property in Campbell County, Virginia. Through a grant funding partnership with the Tennessee Valley Authority and GE Hitachi Nuclear Energy (GEH), I&M is seeking $50 million to begin the early stages of SMR development at the Rockport Plant site. If awarded funds, I&M will conduct ESP activities, as well as a Preliminary Safety Analysis Report, which is required for a potential future Construction Permit, at the site utilizing the GEH BWRX-300 technology. This includes gathering public input from community members, collecting detailed site information, and deployment planning for the use of a GEH BWRX-300 at the site. This SMR unit is capable of generating 300 megawatts (MW) of electricity. SMRs offer tremendous potential to provide safe, reliable and clean energy 24 hours a day, 365 days a year. The relatively small footprint allows SMRs to be constructed in areas that were not previously feasible for nuclear energy generation. SMR sites can also be scaled to match the energy needs of the state. A single SMR unit can generate up to 500 MW of clean energy, depending on the design of the unit. Both grant applications were submitted under the USDOE's Generation III+ Small Modular Reactor Program. The program is offering up to $900 million in grants.
I&M has applied as a subrecipient under TVA's application, with GEH as the reactor technology provider. I&M will host a public open house mid-year. Local and state officials have expressed their support for the project. Last year, Spencer County officials approved an ordinance supporting new generation at the Rockport Plant site, including the use of SMRs. Additionally, in November 2024, the Indiana Office of Energy Development issued a siting report performed by Purdue University which identifies Rockport as a suitable site. お知らせ • Jan 08
American Electric Power Company, Inc. Announces Executive Changes American Electric Power named Trevor I. Mihalik executive vice president and chief financial officer effective January 20. He will succeed Chuck Zebula, who will serve as senior advisor to the chief executive officer before retiring in March. Mihalik's previous experience includes roles as group president, CFO, controller and chief accounting officer at Sempra. He will report to Bill Fehrman, AEP president and chief executive officer. Mihalik will be responsible for AEP's accounting and tax, treasury and risk, corporate planning and budgeting, investor relations, procurement, supply chain, strategy, and corporate regulatory functions. Mihalik has worked in the energy industry for more than 34 years and has extensive experience in finance, enterprise risk and business operations. He most recently served as the group president of Sempra, where he was responsible for all aspects of the company's San Diego Gas and Electric and Southern California Gas Company subsidiaries. He held several leadership roles in Sempra's finance organization during his more than 12 years with the company, including executive vice president and chief financial officer and senior vice president, controller and chief accounting officer. Prior to joining Sempra, Mihalik led the finance teams of Iberdrola Renewables Holdings, Inc., Chevron Natural Gas and Bridgeline Holdings, L.P., a joint venture owned by Chevron and Targa Resources. He began his career with PricewaterhouseCoopers in their assurance business. He chairs the finance committee for the board of directors of the WD-40 Company. Mihalik received his bachelor's degree in accounting from Creighton University and his master's degree in business administration from Rice University. He is a certified public accountant in the state of Texas. Also, on January 7, 2025, the Company announced that on January 2, 2025, Charles E. Zebula notified the Company that he will resign as Executive Vice President and Chief Financial Officer effective January 19, 2025 and (ii) the transition of Charles E. Zebula to the role of Senior Advisor to the Chief Executive Officer effective as of January 20, 2025 until his expected retirement from the Company in March 2025. お知らせ • Jan 07
American Electric Power Company, Inc. Announces Chief Financial Officer Changes American Electric Power named Trevor I. Mihalik as chief financial officer effective January 20. He will succeed Chuck Zebula, who will serve as senior advisor to the chief executive officer before retiring in March. Mihalik's previous experience includes roles as group president, CFO, controller and chief accounting officer at Sempra. He will report to Bill Fehrman, AEP president and chief executive officer. Mihalik will be responsible for AEP's accounting and tax, treasury and risk, corporate planning and budgeting, investor relations, procurement, supply chain, strategy, and corporate regulatory functions. Mihalik has worked in the energy industry for more than 34 years and has extensive experience in finance, enterprise risk and business operations. He most recently served as the group president of Sempra, where he was responsible for all aspects of the company's San Diego Gas and Electric and Southern California Gas Company subsidiaries. He held several leadership roles in Sempra's finance organization during his more than 12 years with the company, including executive vice president and chief financial officer and senior vice president, controller and chief accounting officer. Prior to joining Sempra, Mihalik led the finance teams of Iberdrola Renewables Holdings, Inc., Chevron Natural Gas and Bridgeline Holdings, L.P., a joint venture owned by Chevron and Targa Resources. He began his career with PricewaterhouseCoopers in their assurance business. He chairs the finance committee for the board of directors of the WD-40 Company. Mihalik received his bachelor's degree in accounting from Creighton University and his master's degree in business administration from Rice University. He is a certified public accountant in the state of Texas. Reported Earnings • Nov 07
Third quarter 2024 earnings: EPS misses analyst expectations Third quarter 2024 results: EPS: US$1.80. Revenue: US$5.42b (up 1.5% from 3Q 2023). Net income: US$959.6m (flat on 3Q 2023). Profit margin: 18% (in line with 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.9%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Electric Utilities industry in the US. お知らせ • Nov 06
American Electric Power Company, Inc. Provides Earnings Guidance for the Year 2024 American Electric Power Company, Inc. provided earnings guidance for the year 2024 . For the year, company Estimated EPS on a GAAP basis in range of $5.55 to $5.65. お知らせ • Oct 31
American Electric Power Company, Inc. Announces Management Changes American Electric Power Company, Inc. announced leadership and organizational changes that will empower local operations, drive growth and create value for customers and stakeholders. The changes are effective October 31, 2024. As part of these leadership and organizational changes, AEP announced: The company is launching a search for a president to lead the AEP Transmission business, which is a source of growth as AEP makes necessary investments to enhance reliability and meet customers' needs. The search will consider both internal and external candidates. It is eliminating the executive vice president of Regulatory and chief administrative officer role. As a result, Peggy Simmons is leaving the company. Chris Beam, executive vice president of Energy Services, plans to retire in February 2025 and will serve as executive vice president and senior advisor until that time. Shane Lies, executive vice president and chief nuclear officer, will move to a new role as executive vice president of Projects and Services. He will oversee generation shared services, environmental services, project solutions, distribution planning and performance, and strategic supplier management. Kelly Ferneau, site vice president at AEP's Donald C. Cook Nuclear Plant, succeeds Lies and has been promoted to executive vice president and chief nuclear officer, reporting to Fehrman. Scott Dailey, AEP's managing director of renewable generation and former plant manager at Cook Nuclear Plant, will succeed Ferneau as site vice president. AEP's other power plant managers will now report to the operating company presidents. In addition, the economic development function will be transitioning to the operating companies. Corporate regulatory services and procurement will be aligned under the chief financial officer. Declared Dividend • Oct 25
Second quarter dividend of US$0.93 announced Shareholders will receive a dividend of US$0.93. Ex-date: 8th November 2024 Payment date: 10th December 2024 Dividend yield will be 3.6%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (69% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. お知らせ • Oct 08
American Electric Power Names Joseph F. Moore IV as Senior Vice President of Business Transformation to Drive Performance and Efficiency American Electric Power has named utility industry veteran Joseph F. Moore IV senior vice president, Business Transformation, effective October 8, 2024. Moore will report to AEP President and Chief Executive Officer Bill Fehrman. Moore will lead process improvements across AEP's key business units and seven operating companies. Moore has more than 33 years of experience in the energy industry. He brings deep industry knowledge in customer service, electric and gas delivery, electric generation, project management, enterprise risk, supply chain, information technology and business analytics. Most recently, he was senior vice president, Business Transformation, across Berkshire Hathaway Energy. Prior to that, he held several leadership roles at MidAmerican Energy Company including senior vice president, Strategic Repositioning, vice president, Electric Delivery, and general manager, West Electric and Gas Operations. Moore also served in operational executive roles with both PacifiCorp and Nebraska Public Power District. Moore received his bachelor's degree in electrical and electronic engineering from North Dakota State University and his master's degree in business administration from Regis University. Reported Earnings • Jul 31
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: US$0.64 (down from US$1.01 in 2Q 2023). Revenue: US$4.58b (up 4.7% from 2Q 2023). Net income: US$340.3m (down 35% from 2Q 2023). Profit margin: 7.4% (down from 12% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 49%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Electric Utilities industry in the US. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 3% per year. お知らせ • Jul 30
American Electric Power Company, Inc. Reaffirms Earnings Guidance for the Year 2024 American Electric Power Company, Inc. reaffirmed earnings guidance for the year 2024. The company Estimated EPS on a GAAP basis to be $5.56 to $5.76. 
